USD/JPY – 30M – SELLThe currency pair US Dollar/Japanese Yen (USD/JPY) moves from the bullish trendline downwards
The bearish trend down to the next support level at is certain.
Caution: A possible counter-trend in the direction of the resistance zone at 148.02500 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish signal. The pair is likely to go down.
Furthermore a ‘Two Crows’ candlestick chart pattern is found. The candles form ‘Two Crows’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 148.64800 |
| 2nd High | 148.27200 |
| Next High | 148.02500 |
| Current Price | 145.60600 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
148.02500 – 145.48400 – 145.76600 – 145.25200 – 145.11900 – 144.73300